Raghuram Rajan Takes Over as RBI Governor

Raghuram Rajan (L), newly appointed governor of Reserve Bank of India (RBI), hugs the outgoing governor Duvvuri Subbarao during the taking over ceremony at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Raghuram Rajan, newly appointed governor of Reserve Bank of India (RBI), signs papers during the taking over ceremony at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Raghuram Rajan (L), newly appointed governor of Reserve Bank of India (RBI) receives a bouquet from RBI deputy governor K C Chakrabarty after his arrival at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Raghuram Rajan, newly appointed governor of Reserve Bank of India (RBI), gestures during the taking over ceremony at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Raghuram Rajan (L), newly appointed governor of Reserve Bank of India (RBI), signs papers during the taking over ceremony at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Raghuram Rajan (L), newly appointed governor of Reserve Bank of India (RBI), offers sweets to the outgoing governor Duvvuri Subbarao during the taking over ceremony at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Raghuram Rajan, newly appointed governor of Reserve Bank of India (RBI), arrives at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Raghuram Rajan (L), newly appointed governor of Reserve Bank of India (RBI), hugs the outgoing governor Duvvuri Subbarao during the taking over ceremony at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Raghuram Rajan, newly appointed governor of Reserve Bank of India (RBI), gestures while posing for the photographers after his arrival at the bank's headquarters in Mumbai September 4, 2013. REUTERS/Danish Siddiqui

Raghuram Rajan, newly appointed governor of Reserve Bank of India (RBI), receives a bouquet from the RBI deputy governor K C Chakrabarty after his arrival at the bank's headquarters in Mumbai September 4, 2013. REUTERS/Danish Siddiqui

Raghuram Rajan, newly appointed governor of Reserve Bank of India (RBI), signs papers during the taking over ceremony at the bank's headquarters in Mumbai September 4, 2013. Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)